JCI Potential Buy Idea
Johnson Controls International is an American, Irish-domiciled multinational conglomerate headquartered in Cork, Ireland, that produces fire, HVAC, and security equipment for buildings. As of mid-2019, it employed 105,000 people in around 2,000 locations across six continents.
JCI trade ideas
JCI - Short Sell with a R/R more than 3Having not broken $82, NYSE:JCI turned back to $67 zone, and broke it. It seems that NYSE:JCI is modeling the previous downtrend move, mentioned as AB on the chart. That being said, the PRZ and TRZ of the downtrend are $55 (in the short term and $45 in the mid-term) till the end of April (for the short term and the end of June for the longer time horizon). Trigger of the Sell is already activated and the stop loss for the mentioned short sell position will be above the $67.8 zone, which now is expected to act as a resistance for NYSE:JCI .
Expectation Record JCI for 02 - 06 August 2021Resistance 1 : 70.80
Support 1 : 68.50
Support 2 : 59.40
JCI had announced QR last week and continue break new High. JCI need to stand above 70.80 in order to prove that Resistance_1 is strong support for next new High. If drop below 70.80, will look back at Support_1 : 68.50.
WATCHING $JCI for Entry Target @ 64.25WATCHING $JCI for Entry Target @ 64.25
Lately I’ve been on a mission to find the best quality growth stocks I can find… this chart looks nice… but I can’t get over how over bought this market is (BIG green arrow) so I’m really starting to lean bearish… sure, it can keep going up but a correction would make so much more sense right now…
I guess you can be bullish and still have bearish average down targets @ support levels.
ONLY BUY AT SUPPORT LEVELS BTW (red)
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I will repost when it get’s closer (or if I take a position)if it goes that way and if it makes higher highs I’ll repost with new entry.
Expectation Record JCI for 26 Jul 2021 - 30 Jul 2021Resistance 1 : 70.80
Support 1 : 68.50
Support 2 : 59.40
JCI had dropped below 68.50 at 19 July 2021 and immediately bounced back above 69.70 to close the Window GAP mean JCI still strong in short. After that JCI had achieved the new High - 70.80 at 23 Jul 2021. JCI must stand above 70.80 in order to break new High. If unable to stand above 70.80, will look back Support_1 : 68.50.